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Two facts not mentioned in "Where Pay for Chiefs Outstrips U.S. Taxes" (Business Day, Aug. 31): Verizon's tax payments in 2010 totaled $430 million, and its total tax bill for 2010 was $2.5 billion, including $2.2 billion in federal income taxes.
The total tax bill was just over $1 million.
Their total tax bill, $1,953,569, amounted to 31.3percentt of their income.
Of her total tax bill, $11,946 resulted from the Nortel spinoff.
The county tax makes up about one-fifth of a homeowner's total tax bill in Westchester.
The city reduced the total tax bill by $35,000, but Mr. Gamal is pushing for more.
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"This proposal will prevent high-income households from using tax preferences, including low tax rates on capital gains and dividends, to reduce their total tax bills to less than what many middle class families pay," according to the White House.
Though there are differing tax treatments on different types of stock options, many recipients rushed to exercise their options and did not sell the shares immediately, with the goal of lowering their total tax bills.
To analyze the total burden, The Times created a model, in consultation with experts, which estimated total tax bills for each taxpayer in each year from 1980, when the election of President Ronald Reagan opened an era of tax cutting, up to 2010, the most recent year for which relevant data is available.
That represents a modest 1.6% of the year's total tax credit bill.
The total annual tax bill on a property assessed at $1 million is $5,200.
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